On 3'rd Dec in this post ? MARCHING TOWARDS 5950, 6175, 6300 we have mentioned that " The hurdles for this are shown by 3 red lines in above chart which are
at level of approximately 5950, 6175,6300. NIFTY may start correcting/
falling from these levels, but we will see for reversal signals on
chart. ". On 6,7,11 dec it made high near 5950 level and started correction. After that it consolidated in very small range of 5850- 5950 (roughly) almost for 18 trading sessions it finally gave break out above 5950 and closed at 5993.25. So now if it holds 5850-65 range on daily closing basis now it will target it next huedle around 6175 and from this level it may start correcting.
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